Watani Iron Steel Renews SAR 25M Alinma Bank Facility

WATANI STEEL

WATANI STEEL

9513.SA

0.00

On August 23, 2026, Watani Iron Steel Company announced the renewal of its Sharia-compliant banking facilities agreement with Alinma Bank. The renewed short-term credit facility amounts to SAR 25 million and covers the period from August 23, 2026 to August 31, 2027. The facility is secured by a promissory note in favor of the bank and is intended to finance the company's working capital requirements.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97748&anCat=1&cs=9513&locale=ar

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